AIThe Next Webabout 2 hours ago
S&P downgrades Oracle to one notch above junk
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S&P downgraded Oracle to BBB- on July 9, one notch above junk, as a $250 billion data-center expansion burns cash. Free cash flow turned deeply negative, burning nearly $24 billion last fiscal year. Shares fell nearly six percent. Moody's placed a negative outlook on the company.
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